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SaaS
Sector Intelligence
SaaS
Software-as-a-Service businesses offering cloud-based tools and platforms to businesses.
12
Startups tracked
$4.5B
Total capital raised
Bengaluru
Top hub ยท 3 of 12
1996-2017
Founding span
Market concentration
by capital raised
30%
of sector capital sits with
Freshworks
alone ($1.4B of $4.5B).
Freshworks
$1.4B
Other 11
Stage mix
12 startups
late
10
growth
1
public
1
Geography
HQ city
Bengaluru
3
Mumbai
2
Pune
2
San Francisco
2
Chennai
1
Top funded
the sector's capital leaders
1
Freshworks
$1.4B
2
Chargebee
$468M
3
Gupshup
$460M
4
Postman
$426M
5
Darwinbox
$386M
All startups
12
primary members first, then by capital raised
Freshworks
Primary
public
India-origin, San Mateo-HQ SaaS company for customer service, CRM and IT service management; first Indian SaaS firm on Nasdaq.
2010
San Mateo
$1.4B
Chargebee
Primary
late
Chennai-origin, US-HQ SaaS platform automating subscription billing and revenue operations for businesses.
2011
San Francisco
$468M
Gupshup
Primary
late
Gupshup provides a conversational-messaging (CPaaS) platform enabling businesses to engage customers over WhatsApp, SMS and other channels.
2004
Mumbai
$460M
Postman
Primary
late
India-origin, San Francisco-HQ API platform used by millions of developers to build, test and collaborate on APIs.
2014
San Francisco
$426M
Darwinbox
Primary
late
Darwinbox is a cloud HR/HCM platform for enterprises across Asia and beyond, competing with SAP and Oracle.
2015
Hyderabad
$386M
Mindtickle
Primary
late
Mindtickle offers a sales-readiness and revenue-enablement platform for training, coaching and analytics of customer-facing teams.
2011
Pune
$280M
Whatfix
Primary
late
Whatfix provides a digital adoption platform delivering in-app guidance and onboarding across enterprise software.
2014
Bengaluru
$264M
BrowserStack
Primary
late
Mumbai-founded cloud platform for testing websites and mobile apps across real browsers and devices.
2011
Mumbai
$250M
MoEngage
Primary
late
MoEngage is an insights-led customer-engagement platform for cross-channel marketing and retention.
2014
Bengaluru
$248M
Icertis
Primary
late
Icertis provides an AI-powered contract lifecycle management (CLM) platform that digitizes and governs enterprise contracts.
2009
Pune
$245M
Hasura
Primary
growth
Hasura builds an open-source GraphQL engine that instantly composes real-time APIs over databases and services for developers.
2017
Bengaluru
$136M
Zoho
Primary
late
Chennai-origin, bootstrapped global SaaS company offering a broad suite of business applications.
1996
Chennai
Latest SaaS news
Selling to the World From India: The SaaS Go-to-Market Playbook Behind Freshworks and Zoho
24 Jul
Freshworks: How a Chennai Startup Became the First Indian SaaS Company on Nasdaq
24 Jul
Zoho: A Billion-Dollar Software Company Built From Rural India, No IPO, No Investors
24 Jul
How to Read Your Startup's P&L: A Founder's Guide to the Income Statement
24 Jun
How Indian SaaS Became a Global Export Engine
5 Jun
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